Karl Lagerfeld will be presented with the Outstanding Achievement Award at the 2015 British Fashion Awards later this month.
The designer has been selected to receive the top accolade at the event at London’s Coliseum on November 23.
Lagerfeld has been a formidable force in the fashion industry for more than 50 years and has taken the helm at numerous design houses, including Chloé and Fendi.
He is credited with transforming Chanel into a global superbrand during his tenure of more than 30 years at the classic French fashion house.
BFC chairman Natalie Massenet said: “Karl Lagerfeld defines outstanding. He is the champion of excellence, the master of the exceptional and one of the most iconic figures globally from our industry.
“His life’s work for his own and so many extraordinary brands has written the language of fashion. He is the ultimate visionary and we celebrate not only the decades already passed but those yet to happen. In Karl’s hands the future of fashion will be an exceptional one.”
Anna Wintour won the award in 2014, I-D magazine co-founders Terry and Tricia Jones in 2013 and Manolo Blahnik in 2012.